Curbstone Financial Management Corp
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 22, 2025), Curbstone Financial Management Corp reported 190 stock positions worth $472.2 million. Its top holding was SS SPDR BB Ig Float RT ETF (FLRN) at 6.9% of the portfolio, followed by State Street SPDR S&P Midcap (MDY, 3.7%) and Apple (AAPL, 3.7%). Compared with Q3 2024, it opened 5 new positions, sold out of 11, added to 50 and reduced 63. The biggest buy was SS SPDR BB Ig Float RT ETF (FLRN, shares +65%) and the biggest sale an exit from Invesco Bulletshares 2024 CB (BSCO).
- Most Recent 13F
- Q2 2026
- Location
- MANCHESTER, NH
- CIK
- 0001608057
- Portfolio Value
- $472.2M (Q4 2024)
- SEC Filing
- 0001608057-25-000002 ↗ filed Jan 22, 2025
Holdings Value
Holdings 190 stocks · $472.2M
| FLRN SS SPDR BB Ig Float RT ETF | 6.95% | 1,067,316 | $32.8M | Add +65.1% |
| MDY State Street SPDR S&P Midcap | 3.66% | 30,356 | $17.3M | Reduce -0.0% |
| AAPL Apple Inc. | 3.66% | 69,013 | $17.3M | Reduce -0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 3.41% | 206,486 | $16.1M | Reduce -1.9% |
| VOO Vanguard S&P 500 ETF | 3.28% | 28,740 | $15.5M | Reduce -5.6% |
| SCHG Schwab US Large-Cap Growth | 3.18% | 539,613 | $15.0M | Reduce -3.4% |
| SCHM Schwab US Mid Cap ETF | 3.06% | 522,289 | $14.5M | Reduce -1.4% |
| SCHF Schwab Intl Equity ETF | 3.06% | 780,925 | $14.4M | Add +1.4% |
| SCHD Schwab US DVD Equity ETF | 2.35% | 406,846 | $11.1M | Add +4.1% |
| MSFT Microsoft Corp. | 1.99% | 22,256 | $9.4M | Add +2.1% |
| SCHA Schwab US Small-Cap ETF | 1.93% | 352,742 | $9.1M | Add +0.6% |
| VCIT Vanguard Int-Term Corporate | 1.71% | 100,532 | $8.1M | Add +2.1% |
| AMZN Amazon.com Inc. | 1.68% | 36,260 | $8.0M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.58% | 39,237 | $7.5M | Reduce -1.0% |
| SCHB Schwab US Broad Market ETF | 1.57% | 327,334 | $7.4M | Reduce -1.1% |
| RSP Invesco S&P 500 Equal Weight | 1.47% | 39,583 | $6.9M | Reduce -1.1% |
| SCHX Schwab US Large-Cap ETF | 1.36% | 277,840 | $6.4M | No change |
| MCI Barings Corporate Investors | 1.33% | 308,904 | $6.3M | Reduce -0.3% |
| TIP iShares Tips Bond ETF | 1.16% | 51,254 | $5.5M | Reduce -0.1% |
| JPM JPMorgan Chase & Co. | 1.15% | 22,600 | $5.4M | Add +1.4% |
| KKR KKR & Co. Inc. | 1.06% | 33,988 | $5.0M | Reduce -6.5% |
| SCHP Schwab U.S. Tips ETF | 1.04% | 190,520 | $4.9M | Reduce -0.3% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.97% | 37,734 | $4.6M | Reduce -1.2% |
| XOM Exxon Mobil Corp. | 0.93% | 40,976 | $4.4M | Add +2.1% |
| CSCO Cisco Systems Inc. | 0.93% | 74,000 | $4.4M | Add +0.3% |
| MUB iShares National Muni Bond E | 0.85% | 37,892 | $4.0M | Add +0.4% |
| JNJ Johnson & Johnson | 0.82% | 26,732 | $3.9M | Add +1.1% |
| SUB iShares Short-Term National | 0.81% | 36,250 | $3.8M | No change |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.79% | 13,370 | $3.7M | No change |
| HY Hyster-Yale Inc. | 0.79% | 73,490 | $3.7M | Reduce -2.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.78% | 71,690 | $3.7M | Reduce -0.6% |
| PFF iShares Preferred & Income S | 0.78% | 117,413 | $3.7M | Reduce -1.3% |
| PG The Procter & Gamble Co. | 0.77% | 21,788 | $3.7M | Add +4.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.77% | 7,988 | $3.6M | Add +0.8% |
| V Visa Inc. Class A | 0.74% | 11,034 | $3.5M | Reduce -0.3% |
| PEP Pepsico Inc. | 0.72% | 22,342 | $3.4M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.70% | 4,264 | $3.3M | Reduce -6.4% |
| IVV iShares Core S&P 500 ETF | 0.67% | 5,362 | $3.2M | Add +1.9% |
| RTX RTX Corp. | 0.67% | 27,168 | $3.1M | Add +0.4% |
| CHKP Check Point Software Tech | 0.66% | 16,568 | $3.1M | No change |
| ABT Abbott Laboratories | 0.60% | 25,100 | $2.8M | Add +1.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.60% | 124,100 | $2.8M | Add +28.3% |
| EFA iShares MSCI Eafe ETF | 0.58% | 36,043 | $2.7M | Reduce -0.3% |
| HD Home Depot Inc. | 0.57% | 6,976 | $2.7M | Reduce -1.3% |
| VRSK Verisk Analytics Inc. | 0.56% | 9,620 | $2.6M | Reduce -2.0% |
| MRK Merck & Co Inc | 0.51% | 24,002 | $2.4M | Add +1.9% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.50% | 88,900 | $2.4M | Reduce -0.7% |
| HBB Hamilton Beach Brand-A | 0.49% | 136,898 | $2.3M | Add +102.4% |
| ADSK Autodesk Inc. | 0.49% | 7,770 | $2.3M | Reduce -0.5% |
| VXF Vanguard Extended Market ETF | 0.49% | 12,070 | $2.3M | Reduce -1.6% |
| SYY Sysco Corp. | 0.48% | 29,902 | $2.3M | No change |
| HON Honeywell International Inc. | 0.47% | 9,920 | $2.2M | Add +5.0% |
| HACK Amplify Cybersecurity ETF | 0.44% | 27,750 | $2.1M | Add +0.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.43% | 18,266 | $2.0M | Reduce -2.1% |
| IOO iShares Global 100 ETF | 0.43% | 20,180 | $2.0M | Reduce -1.0% |
| CVX Chevron Corp. | 0.43% | 13,944 | $2.0M | Add +2.5% |
| TREX Trex Company Inc. | 0.43% | 29,220 | $2.0M | No change |
| NVDA Nvidia Corp. | 0.41% | 14,306 | $1.9M | Add +51.1% |
| USB US Bancorp | 0.40% | 39,860 | $1.9M | Add +1.4% |
| ABBV Abbvie Inc. | 0.40% | 10,699 | $1.9M | Add +1.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.40% | 3,243 | $1.9M | Reduce -2.5% |
| ZTS Zoetis Inc. | 0.40% | 11,480 | $1.9M | Add +1.2% |
| WY Weyerhaeuser Co. | 0.39% | 65,230 | $1.8M | Reduce -0.8% |
| NEE Nextera Energy Inc. | 0.38% | 25,128 | $1.8M | Add +11.9% |
| ORCL Oracle Corp. | 0.38% | 10,786 | $1.8M | Reduce -5.4% |
| PHO Invesco Water Resources ETF | 0.37% | 26,700 | $1.8M | No change |
| SFM Sprouts Farmers Market Inc. | 0.37% | 13,740 | $1.7M | Reduce -17.5% |
| NC Nacco Industries Class A | 0.36% | 57,542 | $1.7M | No change |
| HOLX Hologic Inc. | 0.35% | 23,246 | $1.7M | No change |
| PSX Phillips 66 | 0.35% | 14,504 | $1.7M | No change |
| KO The Coca-Cola Co. | 0.35% | 26,496 | $1.6M | Add +3.1% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.35% | 14,020 | $1.6M | Reduce -7.0% |
| CARR Carrier Global Corp. | 0.34% | 23,298 | $1.6M | Add +2.4% |
| CMCSA Comcast Corp. Class A | 0.33% | 41,638 | $1.6M | Reduce -3.5% |
| CL Colgate-Palmolive Co. | 0.33% | 16,990 | $1.5M | Add +23.2% |
| TGT Target Corp. | 0.32% | 11,272 | $1.5M | Add +1.2% |
| PFE Pfizer Inc. | 0.32% | 56,551 | $1.5M | Reduce -2.4% |
| Ulta Beauty (ULTA) | 0.31% | 3,330 | $1.4M | Reduce -1.5% |
| MCD McDonald's Corp. | 0.31% | 4,972 | $1.4M | Add +1.8% |
| GOOGL Alphabet Inc. Class A | 0.30% | 7,492 | $1.4M | No change |
| AFL Aflac Inc. | 0.30% | 13,650 | $1.4M | Reduce -2.3% |
| ADP Automatic Data Processing | 0.30% | 4,800 | $1.4M | No change |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.30% | 12,758 | $1.4M | No change |
| VZ Verizon Communications Inc. | 0.29% | 34,786 | $1.4M | Add +0.8% |
| WDFC WD-40 Co. | 0.29% | 5,696 | $1.4M | Add +1.2% |
| OEF iShares S&P 100 ETF | 0.29% | 4,660 | $1.3M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 0.28% | 13,834 | $1.3M | No change |
| AVGO Broadcom Inc. | 0.28% | 5,730 | $1.3M | Add +5.3% |
| SON Sonoco Products Co. | 0.28% | 26,660 | $1.3M | Reduce -2.5% |
| WMT Walmart Inc. | 0.28% | 14,378 | $1.3M | Reduce -1.5% |
| STIP iShares 0-5 Year Tips Bond E | 0.27% | 12,750 | $1.3M | Reduce -5.9% |
| ITW Illinois Tool Works | 0.27% | 5,044 | $1.3M | No change |
| AVAV Aerovironment Inc. | 0.26% | 8,060 | $1.2M | Reduce -0.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.26% | 6,214 | $1.2M | Reduce -6.8% |
| UPS United Parcel Service Class B | 0.26% | 9,672 | $1.2M | New |
| CRM Salesforce Inc. | 0.26% | 3,626 | $1.2M | Reduce -1.4% |
| BX Blackstone Inc. | 0.26% | 7,028 | $1.2M | Reduce -5.4% |
| ROBO Robo Global Robotics and Aut filed as EXCHANGE TRADED CONCEPTS TRU | 0.25% | 20,830 | $1.2M | No change |
| SBUX Starbucks Corp. | 0.25% | 12,732 | $1.2M | Add +1.8% |
| BSCP Invesco Bulletshares 2025 CB | 0.23% | 53,530 | $1.1M | No change |
Portfolio Sells Q3 2024 → Q4 2024
| BSCO Invesco Bulletshares 2024 CB | Sold out | 0.00% | −0.75 |
| HY Hyster-Yale Inc. | Reduce -2.8% | 0.79% | −0.24 |
| HBB Hamilton Beach Brands Hold-B | Sold out | 0.00% | −0.17 |
| LLY Eli Lilly & Co. | Reduce -6.4% | 0.70% | −0.17 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -1.9% | 3.41% | −0.16 |
| VOO Vanguard S&P 500 ETF | Reduce -5.6% | 3.28% | −0.16 |
| CE Celanese Corp. | Reduce -11.2% | 0.12% | −0.14 |
| MDLZ Mondelez International Inc. Class A | Sold out | 0.00% | −0.10 |
| HALO Halozyme Therapeutics Inc. | Sold out | 0.00% | −0.10 |
| DWX State Street SPDR S&P Intern | Sold out | 0.00% | −0.10 |
| EXPO Exponent Inc. | Sold out | 0.00% | −0.10 |
| CVS CVS Health Corp. | Reduce -7.6% | 0.18% | −0.09 |
| IRM Iron Mountain Inc. | Sold out | 0.00% | −0.09 |
| SNN Smith & Nephew PLC -Spon ADR | Sold out | 0.00% | −0.09 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.09 |
| INTC Intel Corp. | Reduce -14.0% | 0.23% | −0.09 |
| WY Weyerhaeuser Co. | Reduce -0.8% | 0.39% | −0.09 |
| SPLV Invesco S&P 500 Low Volatili | Sold out | 0.00% | −0.09 |
| AVAV Aerovironment Inc. | Reduce -0.6% | 0.26% | −0.09 |
| SCHM Schwab US Mid Cap ETF | Reduce -1.4% | 3.06% | −0.07 |
| EFA iShares MSCI Eafe ETF | Reduce -0.3% | 0.58% | −0.07 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.1% | 1.47% | −0.06 |
| PFF iShares Preferred & Income S | Reduce -1.3% | 0.78% | −0.06 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -0.7% | 0.50% | −0.06 |
| TIP iShares Tips Bond ETF | Reduce -0.1% | 1.16% | −0.06 |
| CMCSA Comcast Corp. Class A | Reduce -3.5% | 0.33% | −0.05 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.3% | 1.04% | −0.05 |
| GE General Electric Company | Reduce -15.9% | 0.15% | −0.05 |
| SON Sonoco Products Co. | Reduce -2.5% | 0.28% | −0.04 |
| PFE Pfizer Inc. | Reduce -2.4% | 0.32% | −0.04 |
| MDY State Street SPDR S&P Midcap | Reduce -0.0% | 3.66% | −0.04 |
| HD Home Depot Inc. | Reduce -1.3% | 0.57% | −0.04 |
| AFL Aflac Inc. | Reduce -2.3% | 0.30% | −0.04 |
| ORCL Oracle Corp. | Reduce -5.4% | 0.38% | −0.04 |
| SCHH Schwab US REIT ETF | Reduce -1.7% | 0.23% | −0.03 |
| VNQ Vanguard Real Estate ETF | Reduce -2.6% | 0.21% | −0.03 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -0.6% | 0.78% | −0.03 |
| LMAT Lemaitre Vascular Inc. | Reduce -12.7% | 0.15% | −0.02 |
| EXAS Exact Sciences Corp. | Reduce -3.2% | 0.09% | −0.02 |
| SFM Sprouts Farmers Market Inc. | Reduce -17.5% | 0.37% | −0.02 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -5.9% | 0.27% | −0.02 |
| KFY Korn Ferry | Reduce -1.2% | 0.12% | −0.02 |
| MMM 3M Co. | Reduce -0.8% | 0.15% | −0.01 |
| NSC Norfolk Southern Corp. | Reduce -2.0% | 0.12% | −0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.5% | 0.40% | −0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Reduce -2.4% | 0.09% | −0.01 |
| TTD Trade Desk Inc./the Class A | Reduce -7.0% | 0.35% | −0.00 |
| CANOO INC | Sold out | 0.00% | −0.00 |
| VRSK Verisk Analytics Inc. | Reduce -2.0% | 0.56% | −0.00 |
| IOO iShares Global 100 ETF | Reduce -1.0% | 0.43% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| FLRN SS SPDR BB Ig Float RT ETF | Add +65.1% | 6.95% | +2.68 |
| UPS United Parcel Service Class B | New | 0.26% | +0.26 |
| NVDA Nvidia Corp. | Add +51.1% | 0.41% | +0.16 |
| TMO Thermo Fisher Scientific Inc. | New | 0.14% | +0.14 |
| JPM JPMorgan Chase & Co. | Add +1.4% | 1.15% | +0.14 |
| PLTR Palantir Technologies Inc. Class A | Add +1.5% | 0.22% | +0.11 |
| SCHZ Schwab US Aggregate Bond ETF | Add +28.3% | 0.60% | +0.11 |
| ADI Analog Devices Inc. | New | 0.10% | +0.10 |
| GEV GE Vernova Inc. | New | 0.09% | +0.09 |
| CSCO Cisco Systems Inc. | Add +0.3% | 0.93% | +0.09 |
| GSAT Globalstar Inc. | Add +4.5% | 0.20% | +0.09 |
| COST Costco Wholesale Corp. | New | 0.09% | +0.09 |
| AVGO Broadcom Inc. | Add +5.3% | 0.28% | +0.08 |
| HON Honeywell International Inc. | Add +5.0% | 0.47% | +0.06 |
| HBB Hamilton Beach Brand-A | Add +102.4% | 0.49% | +0.05 |
| HACK Amplify Cybersecurity ETF | Add +0.7% | 0.44% | +0.04 |
| GRMN Garmin Ltd. | Add +1.3% | 0.17% | +0.03 |
| EMR Emerson Electric Co. | Add +12.9% | 0.12% | +0.02 |
| CL Colgate-Palmolive Co. | Add +23.2% | 0.33% | +0.02 |
| IVV iShares Core S&P 500 ETF | Add +1.9% | 0.67% | +0.02 |
| USB US Bancorp | Add +1.4% | 0.40% | +0.02 |
| IBM Intl Business Machines Corp. | Add +9.6% | 0.16% | +0.01 |
| QCOM Qualcomm Inc. | Add +19.9% | 0.11% | +0.01 |
| T AT&T Inc. | Add +1.7% | 0.10% | +0.00 |
| FAST Fastenal Co. | Add +2.1% | 0.22% | +0.00 |
| SCHA Schwab US Small-Cap ETF | Add +0.6% | 1.93% | −0.00 |
| CVX Chevron Corp. | Add +2.5% | 0.43% | −0.00 |
| PG The Procter & Gamble Co. | Add +4.2% | 0.77% | −0.00 |
| SCHD Schwab US DVD Equity ETF | Add +4.1% | 2.35% | −0.00 |
| MDT Medtronic PLC | Add +10.0% | 0.09% | −0.00 |
| ABT Abbott Laboratories | Add +1.3% | 0.60% | −0.00 |
| STZ Constellation Brands Inc. Class A | Add +5.8% | 0.09% | −0.01 |
| LOW Lowe's Cos Inc. | Add +4.2% | 0.18% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Add +5.2% | 0.09% | −0.01 |
| MCD McDonald's Corp. | Add +1.8% | 0.31% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.8% | 0.77% | −0.01 |
| SBUX Starbucks Corp. | Add +1.8% | 0.25% | −0.01 |
| WDFC WD-40 Co. | Add +1.2% | 0.29% | −0.02 |
| OTIS Otis Worldwide Corp. | Add +0.0% | 0.13% | −0.02 |
| MSFT Microsoft Corp. | Add +2.1% | 1.99% | −0.02 |
| MUB iShares National Muni Bond E | Add +0.4% | 0.85% | −0.02 |
| NEE Nextera Energy Inc. | Add +11.9% | 0.38% | −0.02 |
| RTX RTX Corp. | Add +0.4% | 0.67% | −0.04 |
| VZ Verizon Communications Inc. | Add +0.8% | 0.29% | −0.04 |
| ABBV Abbvie Inc. | Add +1.5% | 0.40% | −0.04 |
| KO The Coca-Cola Co. | Add +3.1% | 0.35% | −0.05 |
| TGT Target Corp. | Add +1.2% | 0.32% | −0.05 |
| VCIT Vanguard Int-Term Corporate | Add +2.1% | 1.71% | −0.05 |
| CARR Carrier Global Corp. | Add +2.4% | 0.34% | −0.05 |
| MRK Merck & Co Inc | Add +1.9% | 0.51% | −0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 215 | $587.0M | FLRN, SCHF, MDY, AAPL, SCHM |
| Q1 2026 | 202 | $522.6M | FLRN, SCHF, MDY, VCSH, SCHM |
| Q4 2025 | 201 | $522.7M | FLRN, SCHF, MDY, AAPL, VCSH |
| Q3 2025 | 209 | $520.1M | FLRN, MDY, SCHF, VOO, SCHG |
| Q2 2025 | 200 | $487.4M | FLRN, MDY, SCHF, VOO, VCSH |
| Q1 2025 | 192 | $474.5M | FLRN, VCSH, MDY, SCHF, VOO |
| Q4 2024 | 190 | $472.2M | FLRN, MDY, AAPL, VCSH, VOO |
| Q3 2024 | 196 | $467.5M | FLRN, MDY, VCSH, AAPL, VOO |
| Q2 2024 | 198 | $460.4M | FLRN, VCSH, MDY, AAPL, VOO |
| Q1 2024 | 188 | $462.9M | FLRN, VCSH, MDY, SCHF, SCHM |